iGoWise Mobility (iGo), India’s first smart electric trike developer with 100% in-house R&D, 12 patents and a fully indigenous supply chain, has raised INR 8.2 Cr in cumulative funding from several ISB Angels and 888VC along with the most recent bridge round from Guptaji VC. The first product in its line BeiGo Rugged Utility Vehicle is all set for market launch within a record time of 32 months.
iGo’s patented anti-topple swivelling mechanism and on-demand self-balancing system make its leaning trikes 5X more cost-effective, 3X more energy-efficient, and 2X more compact than the global peers. Built on the proprietary TwiiGo lightEV automobile platform, the trikes glide smoothly over the potholes, scale the toughest slopes with ease, zip through heavy traffic, and offer triple-disc anti-skid CBS for maximum rider safety & road grip. Riders upgrading to an iGo trike, can not only save money on fuel, but actually boost their income potential by up to INR 7,500 per month.
The funding has fueled tooling and automation to cut production costs, expand customer experience and after-sales channels, drive further R&D and new variants, and strengthen working capital to fulfill the current order book.
“Our journey has always been about redefining mobility to do better with less — better safety, better comfort and better accessibility with less capital, less time to market, and less dependence on imports,” said Sravan K Appana, Founder & CEO of iGo. “By focusing on frugal innovation, agile engineering and a robust & indigenous supply chain, we’ve proven that India can build world-class EV solutions that create real economic value and social impact.”
With 1 lakh+ km of real-world customer usage data across diverse terrains and entrepreneurs, over the next 12–18 months, the company will expand in Bengaluru, Hyderabad, Pune, and Panjim, deploying the first 1,500 trikes with fleet partners including Hala Mobility and Elektric Express.
“iGo represents the kind of scalable, impact-driven business India needs capital efficient, deeply innovative, and rooted in solving local problems. iGo’s USP and patented anti-topple technology is the ONLY solution for terrible traffic and parking problems. For our narrow congested urban lanes, a slim & stable leaning vehicle is most suitable, easy to handle, easy to corner and easy to park. We strongly believe in a smart & slim micro-mobility solution which is the upcoming lean luxury vehicle from iGo. We are on track to doubling down on this high impact startup with a 2 million USD seed follow-up round in 2026” said Ravi Teja Guptaji, Founder of Guptaji VC and GREAT (Global REbuild Accelerator Technology).
With its unique blend of deep-tech innovation, cost-efficient design, and customer-first execution, iGo is positioning itself at the forefront of India’s EV evolution. As urban mobility shifts toward safer, smarter, and more sustainable solutions, the company’s frugal-yet-futuristic approach puts it on track to not only transform last-mile transportation in India but also set global benchmarks for affordable EV innovation.